If I were in control, my headline for this one would have been "Consumer Confidence Sinks to Lowest Level Since the Last Time America was Stupid Enough to Put Donald Trump in the White House."
Consumer confidence sank 7.9 points in April to a reading of 86, the Conference Board said in its latest survey released Tuesday. That’s the lowest level since May 2020 and a larger decline than economists had projected. The survey’s Expectations Index, which captures people’s outlook on the economy, plummeted 12.5 points this month to 54.4, the lowest level in 13 years.
Meanwhile, the share of Americans anticipating a recession in the year ahead climbed to a two-year high, the survey showed. Trump’s tariffs were “on top of consumers’ minds,” according to their write-in responses.